Venture Corporation releases financial results

On a year-on-year basis, revenue fell 9.1%, largely due to the USD/SGD depreciation of approximately 8.0% according to the company. Full year profit for the year ended 31 December 2011 was S$156.5 million, 16.8% lower compared to last year. The full year net margin was 6.4%. Cash generated from operations was S$256.7 million compared to S$68.6 million in the preceding year. As at 31 December 2011, the Group had cash and cash equivalent balances of S$513.2 million. The Group closed the year with net cash of S$309.1 million.